Bitcoin

As the Coronavirus continues to wreak havoc on the global economy, there appears to be momentum gaining in the crypto market. This growth has led analysts to examine the effects of the global pandemic on cryptocurrency adoption and development. Interestingly, Covid-19 appears to highlight some of the crypto’s best qualities. Coronavirus Pandemic For anyone who just returned from outer space, the world is currently in the grips of a global pandemic officially labeled Covid-19. This highly contagious virus is responsible…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $334 billion. Bitcoin increases by more than 17% to reach $12,100 before losing $1,000 on Sunday. Ethereum gets a spectacular boost of 26% to climb over $400 XRP regains its position on the market cap podium after a remarkable 30% surge The newly-released DeFi token YFI becomes the second-most expensive crypto. Crypto Trends 27th…

Cryptocurrency came into existence in 2009. Since its invention, the market has grown significantly; today, there are over 20000 cryptocurrencies. It has become a competitive market with key industry players and competitors. Further, the industry has developed different terms and phenomena, such as 'Altseason' and 'Altcoins,' which cryptocurrency experts and traders explain. Bitcoin was the first and most significant cryptocurrency. However, several other cryptocurrencies have come up, including Monero, Ethereum, XRP, and Dash, which are all alternative coins. These alternatives to…

Since its inception, bitcoin has used Script- a smart contract development language. Script is an extensive non-Turing complete programming language. The language lets developers encode certain conditions that define the spending of coins. While Script has many capabilities, it's tough to implement, especially when complex smart contract conditions are involved. In addition, writing and verifying a complex contract is prone to human errors that don't go well with money at stake. To improve this, blockchain engineers Pieter Wuille, Andrew Poelstra,…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $300 billion Bitcoin liquidated $74 million-worth of smarts to surge as high as $10,272 Ethereum price explodes over the $300 barrier and setting new records for 2020 XRP increases by more than 5% to trade at $0.22 The total funds locked in Decentralized Finance (DeFi) projects reaches $4 billion Crypto Trends 20th - 26th…

An economic recession is a period that is characterized by a slowdown in the level of economic activities. There is a massive fall in both individual and government spending, and the situation can last for more than a few months. According to the macroeconomic view of a recession, it occurs when a negative GDP records for two consecutive quarters. Business cycles contract and there is a general excess in supply of goods, increased unemployment levels as firms scale down expenses,…

Since the launch of the first blockchain-based system, many others have followed, and the crypto industry has continuously grown. However, blockchains aren't similar and come with different strengths and weaknesses. For example, Ethereum, launched in 2015, has excellent smart contract advantages but severe scalability issues over the years. All the blockchains, though, face a lack of interoperability challenges. Is there a possibility of having a system that allows users to use the strengths of different blockchains simultaneously? In recent years…

Since the introduction of Bitcoin in 2009, digital currency has seen a tremendous increase in its unit price. Crypto fanatics and investors, at times, try to predict the future unit prices of bitcoin, but it has proven to be an enormous task. In addition, investors want to understand the best time to invest in bitcoins. So, how do you predict the price of something so volatile?  The Stock-to-Flow model is quite effective at predicting bitcoin prices. Keep reading to see…

The crypto industry has, for a long, been very unstable. Bitcoin, for example, has experienced episodes of very high liquidity, then later very low liquidity. Liquidity is the ability of an asset to be converted to cash.  Recently, however, the crypto world has seen the rise of crypto liquidity providers. So who are crypto liquidity providers, why do we need them, and what do they do? We will discuss all these in detail in the sections below.  Who are Crypto…